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FFx Universal Strength Meter

  • #181
  • Mar 9, 2016 5:12am Mar 9, 2016 5:12am
Quoting FerruFx
{quote} There's no arrows in the strength meter.
Tnx for the info....
  • #182
  • Mar 9, 2016 6:28am Mar 9, 2016 6:28am
Quoting FerruFx
{quote} I don't plan to change the way it is currently working. Thank you for your confidence!
I understand you. Maybe in future as bonus in your PRO version
Your work is inspiration for all of us, thank you.
  • #183
  • Mar 9, 2016 7:24pm Mar 9, 2016 7:24pm
Quoting FerruFx
{quote} There's no arrows in the strength meter.
May I know sir what particular TF can the strength meter be applied?
  • #184
  • Mar 9, 2016 7:36pm Mar 9, 2016 7:36pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting fxenthusiast
{quote} May I know sir what particular TF can the strength meter be applied?
You can select in the parameters any TF you want.
MT4/MT5 EAs/Indicators/Alerts coder
  • #185
  • Mar 10, 2016 1:31am Mar 10, 2016 1:31am
Quoting FerruFx
{quote} You can select in the parameters any TF you want.
Thanks for the info....
  • #186
  • Mar 15, 2016 12:44pm Mar 15, 2016 12:44pm
Thank you for everything FerruFx.
Do you have the time to fix this issue?
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  • #187
  • Mar 26, 2016 6:55am Mar 26, 2016 6:55am
Thank you for sharing this indicator FerruFx.
The idea looks very good, I will test it in live next Monday.
I am interested in 2 modes, price and stochastics, some questions:
1. When I insert two copies of the same indicator in the same chart the second one overrides the first one. Do we have any way to avoid this or we need two charts of the same pair to do so?
2. How do you calculate the strength with price? Looking at where prices (average of the 7 pairs I guess) are in comparisson to the highest high and lowest low of the last "Period Timeframe"?
3. How do you calculate the strength with Stochastics? You look at the 7 pairs and see if stoch in most of them are increasing or decreasing? If K% period is increasing then +1 or decreasing -1? Or maybe when green line crosses red line?
Thanks a lot for your help, time and patience.
  • #188
  • Mar 26, 2016 8:43am Mar 26, 2016 8:43am
Quoting barbones
I m very surprised that 99% from retail traders try to find other ways to see the market and not to look at how the big boys see the market. I don t see anywhere on big boys sites correlation with macd or rsi but I see always percentage.
I agree with barebones; the approach of many Currency Strength Meters is based looking at other indicators. Other times they are based in prices but IMHO not in an easy and simple manner to read like histogram and percentage. I don't understand why I couldn't find an indicator like the example in next picture. There we can see strength or weakness of the currency and detail of every pair; fast and easy to read at a glance.

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  • #189
  • Mar 26, 2016 10:07am Mar 26, 2016 10:07am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Magic11
Thank you for sharing this indicator FerruFx. The idea looks very good, I will test it in live next Monday. I am interested in 2 modes, price and stochastics, some questions: 1. When I insert two copies of the same indicator in the same chart the second one overrides the first one. Do we have any way to avoid this or we need two charts of the same pair to do so? 2. How do you calculate the strength with price? Looking at where prices (average of the 7 pairs I guess) are in comparisson to the highest high and lowest low of the last "Period Timeframe"?...
1/ You have Vertical/Horizontal shift parameters to be set so dashboards are not on top of each other.

2/ The strength calculation is the standard one used in most (if not all) of the strength meters ... The original formula is from well known Tom Yeoman if I am not mistaken.
MT4/MT5 EAs/Indicators/Alerts coder
  • #190
  • Mar 26, 2016 10:34am Mar 26, 2016 10:34am
Quoting FerruFx
{quote} 1/ You have Vertical/Horizontal shift parameters to be set so dashboards are not on top of each other. 2/ The strength calculation is the standard one used in most (if not all) of the strength meters ... The original formula is from well known Tom Yeoman if I am not mistaken.
Thank you FerruFx for your reply,

My fault, I assumed the second one overrided the first one.
Looking for information about Tom Yeoman formula I have found some posts talking about him and the indicator he sells but nothing about his formula yet.
Any suggestion,post or thread?
  • #191
  • Mar 26, 2016 10:42am Mar 26, 2016 10:42am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Magic11
{quote} Thank you FerruFx for your reply, My fault, I assumed the second one overrided the first one. Looking for information about Tom Yeoman formula I have found some posts talking about him and the indicator he sells but nothing about his formula yet. Any suggestion,post or thread?
About 10 years ago, I remember about an excel file with the beginning of what we see now on charts with the strength meters. You have everything calculated in it. You should find here on FF or by googling (eg. Tom Yeoman strength excel ... or something like this).
MT4/MT5 EAs/Indicators/Alerts coder
  • #192
  • Mar 26, 2016 1:28pm Mar 26, 2016 1:28pm
Ok I'll do it.
If I find something I'll keep the forum informed.
Thanks.
  • #193
  • Mar 26, 2016 6:47pm Mar 26, 2016 6:47pm
Thanks FerruFx

Could you add the possibility to chose on chart window or on seperate window?

extern int window = 0; // 1,2 or 3 etc
  • #194
  • Mar 26, 2016 9:10pm Mar 26, 2016 9:10pm
Dear FerruFx, I am sorry if I wasn't clear about the "issue" I meant in post #186.

When I attach the (FFx Universal Strength Meter) to M5 chart, I want the indicator to appear on this time frame only and not on other time frames because I have other plans for them. So I mark the M5 choice in the visualization tab. The indicator correctly shows on the M5 chart but when changing to other time frames a shadow of the indicator shows their preventing me to apply my setup for those time frames!

Thank you sir.

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  • #195
  • Mar 26, 2016 9:46pm Mar 26, 2016 9:46pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting highway
Thanks FerruFx Could you add the possibility to chose on chart window or on seperate window? extern int window = 0; // 1,2 or 3 etc
Will add this in case of future release ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #196
  • Mar 27, 2016 10:36pm Mar 27, 2016 10:36pm
Quoting hatemfxg
Thank you for everything FerruFx. Do you have the time to fix this issue? {image} {image} {image} {image}
Can you show how to place more than one currency strength meter on the chart? I see that you have 3 currency meter on your M5 chart.
  • #197
  • Mar 27, 2016 10:57pm Mar 27, 2016 10:57pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting fxenthusiast
{quote} Can you show how to place more than one currency strength meter on the chart? I see that you have 3 currency meter on your M5 chart.
Answer in post #189
MT4/MT5 EAs/Indicators/Alerts coder
  • #198
  • Mar 31, 2016 8:29am Mar 31, 2016 8:29am
hye,

i am soory for noob question here. still cant attach the indicator to any chart.ive tried drag and drop to chart but noting happen. anyone could help?thanks in advance
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  • #199
  • Mar 31, 2016 9:05am Mar 31, 2016 9:05am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting ihsanxx
hye, i am soory for noob question here. still cant attach the indicator to any chart.ive tried drag and drop to chart but noting happen. anyone could help?thanks in advance {image}
Please show the settings of the indicator.

Also, please show the experts tab so I can see if you get error messages printed there at the time you are trying to apply the indicator.
MT4/MT5 EAs/Indicators/Alerts coder
  • #200
  • Apr 1, 2016 8:51am Apr 1, 2016 8:51am
Quoting FerruFx
{quote} Answer in post #189
Thanks.
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